Non-tariff barriers to trade

Business Insider: World Markets are expecting an Insanely Difficult Summer

World markets are expecting an "insanely difficult" summer due to the partial embargo of the European Union on Russian oil, Business Insider reports, citing analyst Victor Chatenay.

According to him, the only hope for lower resource prices will be "insanely" high interest rates on loans.

Bulgaria’s Foreign Minister: EU may impose Embargo on Imports from Russia, our Government must make Tough Decisions

EU foreign ministers are discussing a sixth package of sanctions against Russia in Luxembourg today, including an embargo on oil and gas imports. Bulgaria is represented by Foreign Minister Teodora Genchovska.

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